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Search results for: EC

Bangladesh creating ultra-wealthy population

Bangladesh creating ultra-wealthy population

-- 2018-09-11 18:29:17

Bangladesh is creating fastest-growing ultra wealthy population over the past five years accumulating more wealth at a faster pace than China and USA, says a new report from data firm Wealth-X. The U...

Philippines' July trade deficit widens to $3.55b

Philippines' July trade deficit widens to $3.55b

-- 2018-09-11 18:16:01

The trade deficit of Philippines widened to $3.55 billion US dollar in July as imports posted their fastest gain in more than two years while exports barely grew, government data showed. Trade defici...

Turkish economic growth dips, lira crisis darkens outlook

Turkish economic growth dips, lira crisis darkens outlook

-- 2018-09-11 15:10:15

Turkish economic growth slowed to 5.2 per cent year-on-year in the second quarter, data showed on Monday, in what officials described as an “economic rebalancing” before an expected second...

NPLs soar by over 20pc

NPLs soar by over 20pc

Siddique Islam 2018-09-11 09:38:15

Despite close monitoring by the central bank, the amount of non-performing loans (NPLs) jumped by over 20 per cent or Tk 150.37 billion at the end of June this year from December last year. The volum...

Tencent shuts poker platform amid widening gaming crackdown

Tencent shuts poker platform amid widening gaming crackdown

-- 2018-09-10 18:03:34

Tencent Holdings will shut a popular Texas Hold’Em poker video game, the Chinese tech giant said to its users on Monday, in a further step to comply with intensifying government scrutiny hitting...

ADB to provide $357m to develop power lines

ADB to provide $357m to develop power lines

-- 2018-09-10 17:43:06

The Asian Development Bank (ADB) will provide $350 million in loan and $7.5 million in grant for a project to develop two power lines in support of Bangladesh's national target of electricity for all...

Regional lending gap threatens SDGs: Study

Regional lending gap threatens SDGs: Study

FE Report 2018-09-10 09:37:06

The big regional lending gap emerged one of the major barriers to the country's financial institutions (FIs) in achieving SDGs (sustainable development goals), according to a study released on Sunday....

Google removes Russian opposition leader's YouTube ad

Google removes Russian opposition leader's YouTube ad

-- 2018-09-09 13:42:48

Google removed a YouTube advert by Russian opposition leader Alexei Navalny after authorities complained that the videos would violate an election silence law before Sunday’s vote for regional g...

Fresh from end of bailout, Greek PM announces tax breaks

Fresh from end of bailout, Greek PM announces tax breaks

-- 2018-09-09 12:23:35

Greek Prime Minister Alexis Tsipras on Saturday unveiled plans for tax cuts and pledged spending to heal years of painful austerity, less than a month after Greece emerged from a bailout programme fin...

Tax reform in India leads to huge job losses

Tax reform in India leads to huge job losses

Reuters 2018-09-09 11:11:13

Tilak Raj Bathla’s tiny weaving factory is one of the few still humming on a once busy road in Panipat, known as the country’s “textile city”. Nearby, more than two dozen othe...

No capital outflow, ‘invest at home’

No capital outflow, ‘invest at home’

FE Report 2018-09-09 10:42:41

The issue of inequality has an international dimension as the net capital flows from South to North, with the US being the largest borrower, a leading Malaysian economist has said. The world's large...

AIIB to invest $270m in clean water project

AIIB to invest $270m in clean water project

-- 2018-09-08 19:15:22

The Asian Infrastructure Investment Bank (AIIB) plans to invest $270 million in a clean water infrastructure project. The project aims to improve access to piped water and sanitation to municipalitie...

Argos launches 'voice shopping' with Google Home

Argos launches 'voice shopping' with Google Home

-- 2018-09-08 17:53:14

Catalogue retailer Argos has launched a "voice shopping" service to let people reserve products in a local store using a Google Home smart speaker. It is the first retailer in the UK to offer a shopp...

China's foreign trade up 9.1pc in first eight months

China's foreign trade up 9.1pc in first eight months

-- 2018-09-08 13:13:39

China's foreign trade went up 9.1 per cent year on year to 19.43 trillion yuan (about 2.85 trillion US dollars) in the first eight months of this year, customs data showed Saturday. Exports of the wo...

Mexico inflation rate hits 4.9pc in August

Mexico inflation rate hits 4.9pc in August

-- 2018-09-08 12:48:24

Mexican inflation increased to 4.9 per cent year-on-year in August, its highest level in five months due to gas and agribusiness, the National Institute of Statistics and Geography (INEGI) has said....

US action against N Korean hacker a major progress: BB

US action against N Korean hacker a major progress: BB

Syful Islam 2018-09-08 09:47:28

Bangladesh will examine the legal aspects of being a party to the criminal case against a North Korean hacker charged by the US justice department for cyber-attack on the Fed. In February 2016, the c...

Eurozone GDP grows 0.4pc in second quarter

Eurozone GDP grows 0.4pc in second quarter

-- 2018-09-07 18:25:00

The euro zone economy grew at 0.4 per cent in the second quarter (Q2) as business and other investments rose sharply while net trade was negative, a statistics agency said on Friday. The agency said...

Japan economy seen revised up in Q2: Reuters poll

Japan economy seen revised up in Q2: Reuters poll

-- 2018-09-07 18:10:53

The economic growth of Japan is expected to be revised up in the second quarter (Q2) due to an acceleration in capital expenditure, a Reuters poll showed on Friday. The poll of 18 economists also s...

Wind and solar power could sprout vegetation in Sahara

Wind and solar power could sprout vegetation in Sahara

-- 2018-09-07 16:57:06

Installing huge numbers of solar panels and wind turbines in the Sahara desert would have a major impact on rainfall, vegetation and temperatures, researchers say. They found that the actions of wind...

British Airways website suffers data breach

British Airways website suffers data breach

-- 2018-09-07 13:53:31

Financial and personal data has been stolen from potentially hundreds of thousands of British Airways customers who booked online in recent weeks, extending a run of embarrassing technological mishaps...

Twitter bans Alex Jones and Infowars for abusive behaviour

Twitter bans Alex Jones and Infowars for abusive behaviour

-- 2018-09-07 11:59:54

Twitter says it has permanently suspended the accounts of Alex Jones and his Infowars website. It made the move after a number of tweets that violated Twitter's abusive behaviour policy, the company...

Facebook removes Burmese translation feature

Facebook removes Burmese translation feature

Reuters 2018-09-07 11:46:09

Facebook has removed a feature that allowed users to translate Burmese posts and comments after a Reuters report showed the tool was producing bizarre results. A Reuters investigation published on Au...

US job growth sees a pickup in August

US job growth sees a pickup in August

-- 2018-09-07 10:58:32

US job growth likely accelerated in August, with the unemployment rate expected to have fallen back to an 18-year low of 3.8 per cent, which would bolster views that the economy was so far weathering...

76 get BASIS ICT Awards

76 get BASIS ICT Awards

FE Report 2018-09-07 10:01:30

Some 76 students and organisations have got BASIS National ICT Awards 2018 in 35 categories for their outstanding contributions to advancement of the digital Bangladesh process. Bangladesh Associatio...

Ireland's earnings from tourists increase in H1

Ireland's earnings from tourists increase in H1

-- 2018-09-06 21:12:55

Overseas visitors to Ireland spent a total of 2.27 billion euros (2.64 billion US dollars) in the first half (H1) of 2018, up 8.5 per cent compared with the same period in 2017, according to the gover...

US worker productivity growth rise in Q2

US worker productivity growth rise in Q2

-- 2018-09-06 20:48:29

US worker productivity rose at its fastest pace in more than three years in the second quarter (Q2), as previously reported, but the trend in productivity growth remained moderate. The US Labor Dep...

GDP growth to reach 8.25pc in FY19: Kamal

GDP growth to reach 8.25pc in FY19: Kamal

-- 2018-09-06 20:15:17

Planning Minister AHM Mustafa Kamal has expressed his high hope that the GDP growth rate in the current fiscal year (FY19) would reach 8.25 per cent surpassing the fiscal target of 7.8 per cent. &l...

Inflation slips to 5.48pc in August

Inflation slips to 5.48pc in August

-- 2018-09-06 19:28:05

The general point to point inflation rate dropped 0.54 per cent to 5.48 percentage point in August from the previous month due to the slight decrease in food inflation, according to the official data....

DHL drives India's journey in logistics innovation

DHL drives India's journey in logistics innovation

FE Online Desk 2018-09-06 15:44:13

DHL, the leading global brand in the logistics industry, has driven India’s journey in logistics innovation, with the DHL India Innovation Day held in Mumbai this year. More than 20 disruptive...

Facebook to invest $1 billion in first Asian data centre in Singapore

Facebook to invest $1 billion in first Asian data centre in Singapore

-- 2018-09-06 12:38:27

Facebook (FB.O) said on Thursday it will invest more than $1.0 billion to build its first data centre in Asia in Singapore, slated to open in 2022. Facebook’s facility will be located in the we...